A LIVE AUCTION FINALE WILL BE HELD ON THE PREMISES MONDAY 3/15 AT 11AM
Doors will open 3/15, 9am for your final inspections
Great investment opportunity. Office complex spanning 3-4 buildings plus interest in large parking lot. Ground level retail and retail/office space up. Great frontage on US Rte 1 in Hyattsville adjacent to large EYA redevelopment projects and county government buildings. Partially rented. Could be perfect for owner-occupant as the prime retail space at the corner of Baltimore and Farragut is currently vacant. Turn-key condition. Great cashflow potential. New roof, HVAC, more. Pre-auction offers with creative financing terms considered.
Tax IDs: 16-1797299; 16-1794171; 16-1793181; 16-1811066 16-1813286 (click here for legal description of all parcels)
For general terms governing TRAC's real estate auctions, click here. Terms specific to this auction:
- This sale will be conducted in 2 phases:
- During the online phase the seller reserves the right to accept any bid or offer at any time
- at the conclusion of online bidding a live auction will be held on the premises of 5100 Baltimore Ave. The high online bid will registered as the opening bid at the live sale.
- The property will be open for inspection by appointment by calling the auctioneer's office.
- Only ID Verified bidders are permitted to bid on this auction
- There is a 10% Buyer’s Premium in effect1
- Broker pre-registration is required. Click here for broker registration form.
- The purchaser will be contacted immediately upon conclusion of a successful sale in order to coordinate the signing of the Sales Contract and other documents evidencing and relating to the sale.
- Initial Deposit: $20,000
- The Purchaser must increase his/her deposit to 5% of the high bid within 3 business days. Balance due at settlement.
- 60 day settlement is required
You can obtain more property information by calling the auctioneer's office directly at 888.704.8722. Inspection requests are routinely honored. Public open house(s) yet to be scheduled. A copy of the Real Estate Contract of Sale, the most recent survey, title insurance policy and more are available to all registered, logged-in users in the Documents/Due Diligence section above.
This auction is being conducted by TRAC as an agent of the seller. Paul Sobwick, Auctioneer.
1A 10% Buyer's Premium is in effect. Your high bid plus the referenced Buyer's Premium equals the final purchase price. For example, if the high bid is $1,000,000 you would add a $100,000 Buyer's Premium for a final purchase price of $1,100,000.
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